$4B project to include University of Miami outpatient facility & ambulatory suites — 5 notes

The University of Miami (Fla.) Health System is constructing an outpatient medical facility in North Miami, the South Florida Business Journal reports.

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1. The UHealth Medical Center at SoLé Mia will include ambulatory surgery suites, as well as cancer and eye specialists.

2. It will occupy 10 acres in a $4 billion, 184-acre mixed-use development.

3. In the first phase of construction, UHealth Medical Center will total 225,000 square feet.

4. There will be an additional 100,000 square feet of space available for future expansion.

5. University of Miami Health System didn’t provide a construction timeline to the South Florida Business Journal.

More articles on transactions/valuation:
Why hospitals & health systems are increasingly seeking ASC ownership: Avanza Healthcare Strategies’ Joan Dentler explains
Houston Methodist Baytown Hospital opens outpatient center — 4 insights
Ophthalmology’s ASC component & 4 more factors attracting PE firms

 

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